TORONTO — Corus Entertainment Inc. reported a loss attributable to shareholders of $7.3 million in its latest quarter as its revenue fell 10 per cent compared with a year ago.
TORONTO — Corus Entertainment Inc. reported a loss attributable to shareholders of $7.3 million in its latest quarter as its revenue fell 10 per cent compared with a year ago.
The radio and television broadcaster says the loss amounted to four cents per diluted share for the quarter ended May 31.
The result compared with a loss of $769.9 million or $3.86 per diluted share in the same quarter last year when Corus took a $960-million non-cash charge.
Revenue for what was the company’s third quarter totalled $297.8 million, down from $331.8 million a year ago.
Television revenue amounted to $274.5 million, down from $308.2 million, while radio revenue was $23.3 million, down from $23.6 million.
On an adjusted basis, Corus says it earned six cents per share in its latest quarter compared with an adjusted loss of 10 cents per share a year ago.
This report by The Canadian Press was first published June 26, 2025.
Companies in this story: (TSX:CJR.B)
The Canadian Press